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Wal-Mart calls for minimum wage hike
CNN/Money ^ | 10/25/5

Posted on 10/25/2005 2:29:37 PM PDT by Crackingham

Wal-Mart CEO Lee Scott said he's urging Congress to consider raising the minimum wage so that Wal-Mart customers don't have to struggle paycheck to paycheck. Scott told Wal-Mart directors and executives in a speech Monday that he believes "it is time for Congress to take a look at the minimum wage and other legislation that can help working families."

"The U.S. minimum wage of $5.15 an hour has not been raised in nearly a decade and we believe it is out of date with the times," Scott said. "We can see first-hand at Wal-Mart how many of our customers are struggling to get by. Our customers simply don't have the money to buy basic necessities between pay checks."

Given increasing gas prices and other economic pressures on Wal-Mart customers, Scott went on to say that Wal-Mart shoppers will further be challenged to "support themselves and their families."

"While it is unusual for us to take a public position on a public policy issue of this kind, we simply believe it is time for Congress to take a responsible look at the minimum wage and other legislation that may help working families," he said.

Tracy Sefl, a spokeswoman for Wal-Mart Watch, a group that's been highly critical of the retailer, said Scott's comments on raising minimum wage were "laughable and out of left field."

"I find it disingenuous and laughable that Lee Scott makes these remarks while the company hires lobbyist such as Lee Culpepper who oppose raising the minimum wage," Sefl said.

"We would be the first to applaud real change. But when a comment on raising minimum wage is dashed off and it flies in the face of Wal-Mart's own corporate stance, that's laughable," she added.

(Excerpt) Read more at money.cnn.com ...


TOPICS: Business/Economy; Culture/Society; Extended News; Government; News/Current Events; Politics/Elections
KEYWORDS: congress; minimumwage; walmart
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1 posted on 10/25/2005 2:29:38 PM PDT by Crackingham
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To: Crackingham

Maybe if they'd stop spening all their money on useless crap from Walmart they wouldn't have to live pay-check to pay-check.


2 posted on 10/25/2005 2:31:08 PM PDT by SittinYonder (Flea, feather, bird, egg, nest, twig, branch, limb, tree, and the bog down in the valley - o.)
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To: Crackingham

It seems to me that Wal-Mart should raise its own minimum wage (maybe $8.50), and then many other employers will follow the W-M lead. The popular W-M should also hire more workers to staff their many vacant registers to speed up customer service.


3 posted on 10/25/2005 2:31:48 PM PDT by Theodore R. (Cowardice is forever!)
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To: Crackingham

"Don't give our employees more money, but give our customers more money so they can buy crap from China."


4 posted on 10/25/2005 2:32:30 PM PDT by PBRSTREETGANG
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To: SittinYonder
Maybe if they'd stop spening all their money on useless crap from Walmart they wouldn't have to live pay-check to pay-check.

Please don't misunderstand this statement ... my wife and children love spending all our money on useless crap from Walmart. I in no way intend to criticize Walmart for offering me just the kind of useless crap my family wants at prices that we can afford.

My point only is that we need less government interference, not more.

5 posted on 10/25/2005 2:32:52 PM PDT by SittinYonder (Flea, feather, bird, egg, nest, twig, branch, limb, tree, and the bog down in the valley - o.)
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To: Crackingham

The "minimum wage" was never meant to be a living wage, because the originators of the concept never expected people to make a career out of flipping burgers at McDonalds.


6 posted on 10/25/2005 2:33:25 PM PDT by My2Cents (Dead people voting is the closest the Democrats come to believing in eternal life.)
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To: Crackingham
Scott told Wal-Mart directors and executives in a speech Monday that he believes "it is time for Congress to take a look at the minimum wage and other legislation that can help working families."

Lee, I have an idea that doesn't require an act of Congress: go ahead and raise your wages right now. Unless the point of your grandstanding is to push for regulations that will harm your competitors more than you, but that certainly isn't the case, is it?

7 posted on 10/25/2005 2:33:28 PM PDT by ThinkDifferent (I am a leaf on the wind)
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To: Crackingham

How stupid. Wal-Mart can raise its wage anytime it wants to.


8 posted on 10/25/2005 2:33:28 PM PDT by SandyInSeattle (Official RKBA Landscaper and Arborist, Duchess of Green Leafy Things)
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To: Crackingham
Sellouts. If they think it's going to do anything to get the collectivists off their backs their dreaming. It's just going to encourage the labor goons to keep up the pressure toward a full cave-in.
9 posted on 10/25/2005 2:33:28 PM PDT by ElkGroveDan (California bashers will be called out)
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To: Crackingham

Maybe if they were smarter than rubbing two sticks together, they'd make more than minimum.


10 posted on 10/25/2005 2:34:28 PM PDT by xcamel (No more RINOS - Not Now, Not Ever Again.)
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To: ElkGroveDan

Do that many high school kids shop at Wal-Mart?


11 posted on 10/25/2005 2:34:59 PM PDT by Patrick1
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To: Crackingham

Perhaps Wal Mart could lower their prices, at least for their poorest customers. Maybe Chavez (D, Venezuela) would make up the difference rather than WM having to go, hat in hand, to its chinese bosses.


12 posted on 10/25/2005 2:35:33 PM PDT by dhuffman@awod.com (The conspiracy of ignorance masquerades as common sense.)
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To: SittinYonder

I say WalMart's customers should quit their low-end jobs paying $5.15/hr, and get high salaried jobs at WalMart.


13 posted on 10/25/2005 2:35:36 PM PDT by My2Cents (Dead people voting is the closest the Democrats come to believing in eternal life.)
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To: Crackingham

Raise it to $6.75 an hour. That's all.


14 posted on 10/25/2005 2:35:48 PM PDT by Perdogg ("Facts are stupid things." - President Ronald Wilson Reagan)
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To: Crackingham

http://jibjab.com/Home.aspx

See Big Box Mart


15 posted on 10/25/2005 2:35:55 PM PDT by finnman69 (cum puella incedit minore medio corpore sub quo manifestu s globus, inflammare animos)
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To: Crackingham

Might as well say : "WALMART CALLS FOR INFLATION AND HIGHER TAXES".....


16 posted on 10/25/2005 2:36:24 PM PDT by i.l.e. (Tagline - this space for sale....)
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To: Crackingham
arrruuuggghhh.....
The ignorance of basic economics out there just makes me scream..
If you raise the minimum wage to 10.00 per hour, that is still minimum; prices and wages will be base-lined against that. (ie, after the initial short term impact, there will be a net ZERO gain in spending power..)
17 posted on 10/25/2005 2:39:10 PM PDT by mnehring (Cindy Sheehan- The Katy Couric of Al Jazzerra.)
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To: xcamel

Now, now, I never made minimum wage at Wal-Mart. I was hired in at a full dollar an hour above minimum, and by the time I quit to get a real job, was making over twice minimum wage. To top if off, I had only been there 3-4 years, one of which I was on a leave of absence to finish my schooling.

The amount that Wal-Mart pays its employees is irrelevant, what is relevant is the fact that we have yet another schmuck publically announcing that minimum wages are good things.


Total and Utter drivel.


18 posted on 10/25/2005 2:39:39 PM PDT by Kidan (Tolerance is the virtue of a man without convictions - G.K. Chesterton)
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To: SandyInSeattle

This has nothing to do with whether Walmart can raise their minimum wage...obviously they could.

But they aren't going to do it in a vacuum, by themselves...they are a low cost, high volume, low margin retailer and by raising their paid wages on their own they would be shooting themselves in the foot.

But no matter how many employees Walmart has, theres a much larger pool of Walmart shoppers. Raising the minimum wage by government decree makes ALL employers pay their employees more not just Walmart...it maintains their margins, and give Walmart shoppersf more to spend in the store.


19 posted on 10/25/2005 2:40:25 PM PDT by Ethrane ("semper consolar")
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To: SittinYonder
... my wife and children love spending all our money on useless crap from Walmart.

"What's this?"
"It's useless crap, dear."
"Do we need it?"
"No dear, we don't need it"
"Throw it in the cart"

Amen brother!

20 posted on 10/25/2005 2:41:28 PM PDT by SGCOS
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To: Crackingham
Wal-Mart CEO Lee Scott said he's urging Congress to consider raising the minimum wage so that Wal-Mart customers don't have to struggle paycheck to paycheck.

So raise your own minimum wage pay on your own and leave Congress out of it!

21 posted on 10/25/2005 2:42:15 PM PDT by theDentist (The Dems have put all their eggs in one basket-case: Howard "Belltower" Dean.)
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To: Crackingham
I think this is mislabeled. Are you sure it's not from Scrappleface?

Wal-Mart calls for minimum wage hike

KarlInOhio calls for federal government to identify power to set minimum wage in the Constitution.

Offers bloodhounds and a magnifying glass to help them find it. And don't lift it up to the light and use it to cast shadows to try to find it there.

22 posted on 10/25/2005 2:42:44 PM PDT by KarlInOhio (We were promised someone in the Scalia/Thomas mold. Maybe next time.)
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To: SittinYonder

Walmart is only pissed off it's loosing out to the Dollar Tree stores and such.


23 posted on 10/25/2005 2:43:19 PM PDT by jb6 (The Atheist/Pagan mind, a quandary wrapped in egoism and served with a side order of self importance)
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To: SGCOS
... my wife and children love spending all our money on useless crap from Walmart. "What's this?" "It's useless crap, dear." "Do we need it?" "No dear, we don't need it" "Throw it in the cart" Amen brother!

That's better than my wife.. Honey, if I bought a Louis Vitton purse, it would cost $2,000; this purse is only $50..see if you buy this for me you are saving $1,950...
I'm not kidding, this is her logic she uses all the time (sadly, I give in..)
24 posted on 10/25/2005 2:43:22 PM PDT by mnehring (Cindy Sheehan- The Katy Couric of Al Jazzerra.)
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To: Crackingham

It is just simple math the last time the min wage went up so did WM sales, and Family Dollar, Dollar General and a raft of discounters it's no secret - there is a buffer of time before the actual min wage actually hits the economy and huge profits can be banked - now will Burger King, Mcdonalds, landscape companies hundreds and thousands of other small business have the same windfall - NOPE


25 posted on 10/25/2005 2:44:07 PM PDT by kentj
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To: mnehrling
arrruuuggghhh..... The ignorance of basic economics out there just makes me scream.. If you raise the minimum wage to 10.00 per hour, that is still minimum; prices and wages will be base-lined against that. (ie, after the initial short term impact, there will be a net ZERO gain in spending power..)

Actually there would be a negative impact on spending power. Consider, a person currently makes three times the minimum wage of 5.15. If we raised that to 10, that same employee now makes less than .5 times the minimum wage. That is a huge blow to those who have spent the time and energy to better themselves.
26 posted on 10/25/2005 2:44:08 PM PDT by Kidan (Tolerance is the virtue of a man without convictions - G.K. Chesterton)
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To: SandyInSeattle

What Sandy said. They can raise wages without being legally required to do so. We aren't addressing a maximum wage law. This really makes no sense.


27 posted on 10/25/2005 2:44:13 PM PDT by KarinG1
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To: Crackingham

Proof that you don't need to be a Rocket Scientist to be a CEO


28 posted on 10/25/2005 2:44:17 PM PDT by Zathras
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To: Crackingham

If groups such as WalMart Watch are against it - it must be good.

With that said, I still can't figure out where WM is coming from on this. Where I live WM starting hourly wage is far higher than minimum wage and higher than most other retail places in the area.


29 posted on 10/25/2005 2:45:21 PM PDT by Gabz
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To: My2Cents

And if you live in a community where there are no jobs better than Walmart or McDonalds offer, people should do what?


30 posted on 10/25/2005 2:47:00 PM PDT by PoppyRocks
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To: Crackingham
No one is preventing WalMart from raising their own minimum wage, they can do that without unilaterally insisting on every other corporation following suit.

That way WalMart will attract better employees, who, after leaving current employment to take better paying jobs at WalMart, other companies will have to consider matching wages or risk losing good employees - it's called free enterprise.

31 posted on 10/25/2005 2:47:30 PM PDT by zerosix (Native Sunflower)
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To: Crackingham
Image hosted by TinyPic.com
"There's a minimum wage?"
32 posted on 10/25/2005 2:47:33 PM PDT by Old Seadog (Inside every old person is a young person saying "WTF happened?".)
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To: Crackingham

I'd raise the minimum wage to $0.


33 posted on 10/25/2005 2:47:39 PM PDT by TheDon (The Democratic Party is the party of TREASON!)
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To: KarinG1

It makes PERFECT sense for Walmart to call for the government to raise the minimum wage, since ALL employers would have to do so.

Walmart retains their profit margins in an environment where the playing field of wage increases is universally applied by government decree...and the typical 'poor' Walmart shopper has more to spend.


34 posted on 10/25/2005 2:48:07 PM PDT by Ethrane ("semper consolar")
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To: Kidan
Very good point, while, from a pure economics standpoint, one would assume that other wages would be leveled against the new baseline, how many employers would actually work in xx% increase to their employees to level their salary against the new minimum base..
35 posted on 10/25/2005 2:49:08 PM PDT by mnehring (Cindy Sheehan- The Katy Couric of Al Jazzerra.)
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To: Kidan
I didn't even imply "Wal Mart Employee".

"They" is anyone making minimum wage.

I frankly don't think there should be any such thing as a minimum wage, or a union wage, or pay scales. People are worth what they are worth, and it's not what you make in life that counts... it's what you earn

36 posted on 10/25/2005 2:49:19 PM PDT by xcamel (No more RINOS - Not Now, Not Ever Again.)
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To: Theodore R.

Now there are a couple of winning ideas. I might even shop at such a store!


37 posted on 10/25/2005 2:49:28 PM PDT by Trust but Verify (( ))
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To: Theodore R.
[It seems to me that Wal-Mart should raise its own minimum wage (maybe $8.50), and then many other employers will follow the W-M lead.]



Sure, they could pay their shelf stockers and register jockeys $8.50 an hour when the typical fair market price of such work is $6.50 an hour, but then the people who are now making $8.50 will want $10.50 and the ones who are now making $10.50 will demand $12.50 and so on, all the way up the wage chain.

The next thing that will happen is that since everybody will have so much more money to spend, prices will go up proportionally and the inflation rate goes up until prices catch up to where the wages went and then everything will be back to where it started...except people's savings won't be worth as much.

It would probably be easier for congress to just pass a law decreeing an immediate decrease of the value of everyone's savings by 10%, because the result will be the same.
38 posted on 10/25/2005 2:49:44 PM PDT by spinestein (Forget the Golden Rule. Remember the Brazen Rule.)
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To: Theodore R.
It seems to me that Wal-Mart should raise its own minimum wage (maybe $8.50), ......

Where I live the starting hourly wage at WM is $9.00

The popular W-M should also hire more workers to staff their many vacant registers to speed up customer service.

Sounds like a management problem, it is rare I have to wait any length of time at checkout in the local WM, if all front registers are open and busy, they start sending customers to the registers in the garden/seasonal section, or to automotive.

39 posted on 10/25/2005 2:49:49 PM PDT by Gabz
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To: Crackingham

Tell wal-mart to lower the prices !


40 posted on 10/25/2005 2:52:04 PM PDT by ATOMIC_PUNK (secus acutulus exspiro ab Acheron bipes actio absol ab Acheron supplico)
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To: SittinYonder
Maybe if they'd stop spening all their money on useless crap from Walmart they wouldn't have to live pay-check to pay-check.

Yeah, like food and clothing!

Mark

41 posted on 10/25/2005 2:54:53 PM PDT by MarkL (I didn't get to where I am today by worrying about what I'd feel like tomorrow!)
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To: SandyInSeattle

no no no. They want the US government (you and me) to assist in a wealth transferrence scheme. Shoppers have more money, walmart has more money from the shoppers. They aren't growing fast enough and since people are maxed out, they are looking under new rocks for increased demand. How to do it? Print more money silly.


42 posted on 10/25/2005 2:54:55 PM PDT by kinghorse
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To: jb6

Walmart is one of the biggest friends we have in the Republican party.

Some of you hate everything.


43 posted on 10/25/2005 2:56:05 PM PDT by JFC
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To: Crackingham
Wow if Walmart feels that strong about the minimum wage, then no one in Walmart should be paid minimum wage... I have a funny feeling that is not the case.
44 posted on 10/25/2005 2:56:18 PM PDT by Sprite518
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To: Crackingham

And once again- I was mistaken. I was SURE this was from Scrappleface.


45 posted on 10/25/2005 2:56:59 PM PDT by SE Mom (God Bless those who serve..)
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To: Crackingham

"Our customers(employees) simply don't have the money to buy basic necessities between pay checks."


Give me a friggin' break!
Is this rich or what! ROFLMAO


This coming from an employer whose hourly employees apply for food stamps so they can afford to buy groceries where they work.


46 posted on 10/25/2005 2:57:44 PM PDT by kellynla (U.S.M.C. 1st Battalion,5th Marine Regiment, 1st Marine Div. Viet Nam 69&70 Semper Fi)
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To: Ethrane

Supply and demand. If Wal-Mart raises wages, others must follow suit to attract employees. Government intervention is unnecessary.


47 posted on 10/25/2005 2:58:46 PM PDT by KarinG1
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To: ThinkDifferent
Unless the point of your grandstanding is to push for regulations that will harm your competitors more than you ....

That nail went in with a single blow.

48 posted on 10/25/2005 2:58:55 PM PDT by Mr Ramsbotham (Laws against sodomy are honored in the breech.)
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To: Crackingham

This is all about what Wal-Mart wants to have happen to it's competition. If Wal-Mart wants to raise the minimum wage that they are willing to pay, there is nothing you or I can do to stop them.


49 posted on 10/25/2005 3:00:37 PM PDT by The_Victor (If all I want is a warm feeling, I should just wet my pants.)
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To: KarlInOhio

The power to set the minimum wage is in the same section that the right to abortion is in.


50 posted on 10/25/2005 3:01:44 PM PDT by dynachrome ("Where am I? Where am I going? Why am I in a handbasket?")
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